——Total sales to China decreased by 22.7% year-on-year
WASHINGTON, March 24: The U.S. Department of Agriculture’s weekly export sales report showed that total U.S. soybean export sales to China (mainland) decreased by 22.7% year-on-year, compared with a year-on-year decrease of 22.8% in the previous week.
As of March 17, 2022, the 2021/22 (starting on September 1) soybean export shipments from the United States to China (mainland) were 25.79 million tons, compared with 34.72 million tons in the same period last year.
The United States shipped 160,000 tons of soybeans to China that week, and 370,000 tons of soybeans to China the previous week.
The amount of 2021/22 soybeans sold by the U.S. to China but not shipped so far is 1.93 million tons, up from 1.12 million tons in the same period last year.
So far in 2021/22, total U.S. soybean sales to China (shipped and unloaded) are 27.72 million tons, down 22.7% year-on-year, compared with last week’s 22.8% year-on-year decrease and a 23.7% year-on-year decrease two weeks ago. %.
U.S. soybean sales to China in 2022/23 were 5.626 million tons, down 13,000 tons from a week earlier.
The USDA’s March 2022 supply and demand report estimated that China’s soybean imports in 2021/22 are expected to be 94 million tons, down from 97 million tons forecast in February and 5.77% lower than the 99.76 million tons in 2021/22.